27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
On Wednesday, May 1, Avis Budget Group (NASDAQ:CAR) will report its last quarter's earnings. Here is Benzinga's preview of the company's release.
Earnings and Revenue
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Avis Budget Group EPS loss will likely be near $1 per share while revenue will be around $1.95 billion, according to analysts.
In the same quarter last year, Avis Budget Group reported a loss per share of 74 cents on revenue of $1.97 billion. Revenue would be down 0.91 percent from the same quarter last year. Here's how the company's reported EPS has stacked up against analyst estimates in the past:
| Quarter | Q4 2018 | Q3 2018 | Q2 2018 | Q1 2018 | Q4 2017 |
| EPS Estimate | 0.37 | 3.54 | 0.57 | -1.06 | 0.21 |
| EPS Actual | 0.53 | 3.33 | 0.57 | -0.74 | 0.45 |
Stock Performance
Shares of Avis Budget Group were trading at $35.55 as of May 1. Over the last 52-week period, shares are down 27.43 percent. Given that these returns are generally negative, long-term shareholders are likely a little upset going into this earnings release.
Over the past 90 days, analysts have adjusted their estimates lower for EPS and revenues. Analysts generally rate Avis Budget Group stock as Neutral. The strength of this rating has maintained conviction over the past three months.
27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.